Irish fashion retailer goes into examinership

Irish fashion retailer Pamela Scott has confirmed that 12 of its 24 stores have gone into examinership.

The shops affected include the chain's flagship store on Grafton Street in Dublin, as well as stores in Limerick, Tralee, Carlow, Drogheda, Arklow, Sligo and Cork.

Up to 137 people are employed at the stores, which trade under the company name Arzac.

The company said staff will be paid as normal, stores will remain open and gift vouchers and credit notes will be honoured in full.

Arzac said it will use the examinership process to restructure the company, secure fresh investment and renegotiate rents with landlords.